based on materials from the website -
By CoinoMedia
A large Bitcoin whale, identified as wallet bc1q5r, made another significant withdrawal, pulling 500 BTC worth $59.53 million from Binance. This transfer occurred about five hours ago, continuing the trend of large withdrawals.
The total amount over the past three months has reached $355 million
In the last three months, this same whale has withdrawn a total of 3000 BTC, equivalent to approximately $355 million. The average purchase price of these transactions was $109,895 per BTC, indicating a strategic approach to accumulating Bitcoins.
Such activity often sparks speculation in the crypto community. Large withdrawals from exchanges like Binance may indicate a preference for long-term storage in cold wallets, which could signal bullish sentiments among major players.
Although the actions of a single whale may not immediately impact the price of Bitcoin, repeated large withdrawals can reduce available liquidity on exchanges. Historically, such movements have preceded price increases, although this is not guaranteed. Traders and analysts will closely monitor whether this 'whale' continues to accumulate, especially amidst the current market volatility.
$BTC , $XRP , $BNB
#Сryptomarketnews , #TrumpTariffs
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